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that create the salaries and bowed to the point you're making in the importance of the economy. is it in their economic interests to avoid a vacuum? >> first of all, as you know, we signed not only the oslo accords, but also the peace accords. there is a mechanism, how to collect money for debt. today it is our biggest problem, outstanding debt to the electricity company. about 700 million shekels. those are very serious troubles come a very serious -- troubles, very serious problems. we have international obligations. this is in clear opposition to their obligations, to their signature on the oslo peace accord. we do not need to pay for their electricity. we paid for the palestinians, and mahmoud abbas bought a new jet for $53 million. the prime minister of israel does not have his jet, but not with the boss has his jet -- mahmoud abbas has his jet that he bought three months ago. our problem today with the palestinians is not to help them, not to develop their economy, but to deal with corruption in their ministration. we draw our conclusions in this situation as we have toda
over the last four years, there is progress in some key sectors of our economy. we've seen housing finally begin to bounce back for the first time, and that obviously has an enormous ripple affect throughout the economy. consumer confidence is as high as it's been. many of you over the last two, three years have experienced record profits or near record profits and have a lot of money where you're prepared to invest in plants, and equipment, and hire folks. obviously globally the economy is still soft. europe is going to be in the doldrums for quite some time. asia is not charging forward and some of the emerging markets are not charging forward as quickly as they were maybe a few years ago. but i think what all of you recognize and many of you have told me is that everybody is looking to america, because they understand that if we're able to put forward a long-term agenda for growth and prosperity that is broad based here in the united states, that confidence will not just increase here in the united states, it will increase globe balance leave. globally and i think we can get the
nations want a five-year extension. they argue major economies may not be able to agree to severe reduction targets over the long-term. japanese delegates say they will not join the extended protocol. they want to continue using something called the clean development mechanism. it allows rich countries to earn carbon off sets by providing nds and technology to poor nations to help them reduce their emissions. >>> the people in charge of the site of the world's worst nuclear accident say they have taken a big step in cleaning it up. workers have raised part of a permanent shelter around a reactor at the nuclear plant in chernobyl. the area around the plant is highly contaminated. the workers raised an arched section that will surround the destroyed unit. the number 4 reactor was covered with a concrete and metal structure after the explosion in 1986. the so-called stone coffin deteriorated and could release radioactive substances. they began believe the new shelter in april to go around it. it is 250 meters wide and 105 meters high. government officials say engineers designed the s
to do or turn back the clock and return to the politics of old. >> translator: i will bring the economy out of deflation, correct the high yen, lead economic growth, enrich people's lives, and recover an economy where young people don't have to worry about finding jobs. i'll strengthen social security and will promote the reconstruction of the disaster-hit northeast. we'll aim to take back power by winning a majority along with the new komeito party. >> candidates from the following parties are also running -- tomorrow party, new komeito, restoration party, japanese communist party, your party, social democratic party. new party daichi, people's new party, new party nippon, and new renaissance party. candidates are trying to win one of the 480 seats in the lower house. there are 300 single-seat districts. parties win a number of the other 180 seats depending on how much of the proportional representation vote they capture. 1,294 candidates filed to run in the single-seat constituencies. and 1,001 candidates are running for seats in the proportional representation system. they'll share t
two acquisitions. plains exploration and mcmoran exploration. >>> concerns over the u.s. economy as adp misses estimates. the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50
. >> and some people fear going off of the cliff could cost thousands of jobs and push our fragile economy back in recession. it seems like we have been down this road before. that deal according to the president and congressional republicans is far from a sure thing. the president said it was a so-called balanced approach to solve this crisis and what he proposed this week was a classic bait and switch on the american people. >> it is unacceptable for republicans to hold middle class tax hostage because they refuse to let them go up on the wealthiest americans. >> people saying that the deal he offered doesn't look like a deal. steve is live in the washington bureau. is there any movement on either side. >> not much. a few republicans who are willing to talk about higher tax rev news but not higher tax rates. the president made a direct appeal to the public. the toy factory in pin pen. he urged congress to pass a bill and extend the era tax cuts for middle class only. >> congress could prevent a tax hike on the first 250,000, of everybodiy income. that means 98 percent of americans and nen per
's credibility, and it's important for america's economy and economic growth. that plan has to be balanced and that means significant revenues, and it has to go around. typically that means the wealthy and well off have to pay their fair share as well. again, these are not new issues. they are ones that were debated. they came up in every debate. even foreign policy debate. and so we think that the american people are on the side of the president and democrats. that is not to say -- [inaudible] we want to remind everyone that there's already been a trillion dollars, over a trillion dollars in spending cuts. and so that is a significant part of this debate, because it happened last year. but just because washington has a short memory doesn't mean we all should have one. and that there's already been sacrifice on behalf of through those discretionary cuts. we are particularly excited doing a lot of work on the fiscal cliff. we talked about medical savings through the programs, address rising national expenditure. will have more to say on taxes, but we are ecstatic to have senator durbin here
a trillion dollars next year, there is more and more money on the sidelines in this economy. which means there are even more jobs that won't get created. that means economic growth will even decrease more. so, the president's got to wake up an realize he owns this economy. it is not in his political benefit to do this brinkmanship. jon: debbie, my understanding that the most to everybody agrees that the big drivers of government spending are entitlement programs like social security and medicare and medicaid. why not talk about reducing the expenditures there somehow? >> i want to say several things. one of the things got to do stop taking cheap shots. the secretary of treasury is one of the most serious people in this government. has the trust of the president and that is who the president is sending in here. let's stop taking these cheap shots. that is the kind of stuff we have to stop doing. you are right, this uncertainty is hurting the economy and putting money on the sideline, why we have to solve it. we need to walk into a room and put everything on the table. social security and
. martha: he argues the economy is ready to take off if people would just stop playing the blame game. bill: one of the changes that may be coming is the reduction in the mortgage interest rate duck you can claim. but according to the i.r.s. only a small percentage of americans claim it after all. all. 37% in maryland and 15% in north dakota. 73 per of americans are opposed to changing that. martha: the owner of popular restaurant chains claims complaints about obama-care have been hurting the company's bottom line. the head of darden says part of the blame is the negative coverage on the company's position on obama-care. we are just beginning on this wednesday morning. dock workers getting back on the job after a crippling 8-day strike at the port of los angeles and long beach. we'll look at the toll that the work stoppage has taken on the u.s. economy. bill: a questionable cartoon featuring the rich stealing from the middle class. martha: two rising stars in the republican party laid out their vision for the future last night and for their party. >> we need to carry on and keep fighting f
to the economy. >> that's all the control they have left. they don't want to lose that in two years. back to the math to dig into this. they need, what? $900 billion -- >> a $1.1 trillion deficit, one $2 billion a year so debt does not grow a percent of gdp. >> how do we get there? the number on the table last week from the democrats on the entitlements was $400 billion. >> over ten years. >> that's nothing, nothing. >> letting the tax cuts expire, people earning over $250,000, that's $50 billion. >> how do you do this then? >> raising dividends, capital gains, state taxes, you need $800 billion more. the only way to get there is enormous spending cuts or e enormous tax increases. we raise $1.1 trillion a year. we need $900 billion to close the gap. that's an 80% across the board tax increase. >> is it realistic to close the gap? >> you can't let debt continue to grow forever. you have to step in the right direction, and this is a two prong negotiating strategy for democrats. get $150 # million a year from the wealthy, and then negotiate on the other $800 billion. you should recognize tha
they were in 1980 or 1950, the question is given the world today and the other economies do we have a competitive tax system and i think our slow going economy under president obama says we don't. >> the new york times though makes a mention of, just a sort of a passing mention in this massive article, by the way, about the need to cut spending like one or two sentences about the need-- >> and i think that milton freedman brought us, that spending is really the tax bill. it's just delayed. so, every toll the government spends eventually they're going to have to take it from someone, either in taxes or in inflation, so, this is why you're seeing a lack of business investment is because this massive spending and huge debt tells every business owner, every investor, big tax are are coming to eventually pay for this. >> what was the point of the piece? i know there's hand wringing out there, maybe the folks on the right say under obama our taxes have gone up and we may more in taxes than we've ever paid and attempt to say, we're not-- >> this is long-term by the president and his allies
with some ideas. to your point, you're written quite extensively on this topic. it seems the economy is poised to fall off the cliff and that's what the democrats and the president wants to happen. >> they want to allow all the bush tax cuts to expire. it happens naturally automatically. they don't even have to vote for it. in january we had to lower taxes for everybody. getting it very simply. lori: a lot of people are concerned. if we do go over the cliff, there's no resolution for the alternative minimum taxes, will not be passed that does not get resolved you have 20 million more americans who have to pay this tax otherwise wouldn't and again that could be good leverage for the republicans. how do you see that issue playing out? >> that is a big one because alternative minimum tax largely hits blue states, democratically states like maryland, new jersey, new york, connecticut, california, illinois, all of those are democratic strongholds so they can save the white house were not going to patch it unless you give us something we would like, that gives them a little bit more negot
-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. jon: fox news alert for you now. we are awaiting remarks from president obama. he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the president arrives at the white house to speak, he will have people behind him, ordinary americans who reached out to the white house and want their $2,000 middle class tax cut preserved. republicans are saying this is essentially a campaign stunt, a campaign appearance kind of event of the he won the election. he should get on the business of governing. what do you say? >> well, one quick observation, jon. i think what you're seeing, what i think is i
economy and hurt job creation in our country. this is not good for our country. as simple as that and the president understands it. >> they're saying president needs to get in there, needs to negotiate with democrats into line if necessary. is that not happening. are you hearing congresswoman schwartz, from the president as all? >> let me say the administration is keenly interested in working with the senate and the house to get this done. the fact that the president is out and sulactually out in my district on friday morning talking to people what about is at stake for this country, for their families and the nation is something very important for him to be doing. always engaging the voters, the public is an important thing to do. and at the same time we should be and are having broad discussions about how we move forward. what we really need is we need republican leadership. just quoted them, mitch mcconnell and john boehner, to actually be sitting down and saying, look, there are places where we do agree. let's start where we agree. let's begin to have that discussion.
that exploded in the open. saying that it reads like a democratic wish-list and could plunge the economy back into recession. oh joy. welcome here. i'm bill hemmer. live in "america's newsroom.". martha: good morning, bill. bill: we'll find the silver lining in this, aren't we? martha: we are. bill: that is our quest. martha: i'm martha maccallum. here are the basics when they put forth through tim geithner yesterday from the president. 1.6 trillion in new taxes. that is the opening part of the deal. 50 billion in new stimulus spending. we already had a lot of backlash in stimulus in previous packages. this is interesting element here. new executive power to raise the debt limit. that is what caused so many of these discussions because they bump up against the debt limit and not be able to go back this. there is executive power plea to be able to do that without going back to confess. republicans are saying where is the balance? where is the spending cut side of the equation. the president said he wanted it to be a balanced deal. watch. melissa: so right now all eyes are on the white house. t
when they cast their ballots. we surveyed more than 4,000 voters. 31% say the economy is the most important issue in this campaign. 22% cite social security reform. 13% say energy policy. including the use of nuclear power is their top issue. we also asked voters who they believe is more qualified to be prime minister after the lower house elections. 20% say the leader of the governing democratic party . 20% say the leader of the governing democratic party yoshihiko noda, who is currently prime minister. 25% say the leader of the main opposition liberal democratic party, shinzo abe. 49% say neither. our poll also suggests the approval rating for noda's cabinet has hit a record low of 21%. that's down one percentage point from a survey taken a week ago. the disapproval rating fell by two percentage points to 62%. many of the people we spoke to seemed eager to cast ballots on december 16th. 88% told nhk they would go out to vote. >>> new auto sales in japan fell in november for a third straight month, but the pace of decline was so slow that it was almost flat. industry groups said
the economy, number one, and we know whether you cut taxes or raise taxes, you are always going to spend. >> i am not agreeing with his policies. don't misunderstand me. what i am saying is this is a negotiation and he is coming in with everything. where is he going to go? is onlo come down. the gop will have to come up. somewhere we hope they meet in the middle. >> he doesn't have to come down though. i agree with compromise. i would say 51% voted for this. you know what, go ahead. it is like having a teenager that you keep telling, vegetables are good for you and they keep kicking your shins saying, i am not eating the vegetables. finally i say, eat twinkies until you die. >> you can't because twinkies have been eliminated. >> someone is going to buy them. >> last word to you, bill. >> geitner says this is going to happen, but we have to go through a little political theater. they want people to come together and do their job. if the use of the word flabbergasted is any indication we will get a lot more. he will use the word god smack tomorrow and then break out in tears. >> i disagree with
climate deal that could have an impact on our economy. talks are going on about a climate treaty that could supersede current u.s. laws in some ways and impose mandatory limits on carbon emissions. president obama failed to get a cap-and-trade will pass in his first term. is he quietly planning a new carbon crackdown through other means? joining me now is lou dobbs, host of "lou dobbs tonight" on the fox business network. that was one agenda item he could not get through. cap and trade. even when the democrats controlled the house as well, they just couldn't get that through. what would he be doing through the united nations and he could do through the u.s. congress? lou: the efforts that he is undertaking here, so little is known about what we are discussing in qatar, at the meeting of the united nations we are talking about laying out a mission schedule through 2035. without any public discussion, there is nothing about it than a presidential debate, as you know. this could have a mammoth effect on this economy. we are talking about tax levels and also significant pressure on t
of his own party seem quite comfortable with sending the economy over the fiscal cliff. on tuesday, we had productive conversation at the white house. despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. this is not a game. jobs are on the line. the american economy is on the line. this is a moment for adult leadership. campaign-style rallies are not the way to get things done in washington. a discussion with the treasury secretary was frank and direct. we hope to see a specific plan for cutting spending. we sought to find out what the president is willing to do. i remain hopeful that productive conversations can be had in the days ahead. but the white house has to get serious. yesterday, the house leadership team met with erskine bowles and business leaders about averting the fiscal cliff and achieving an approach the white house says it wants. i made clear that we put real concessions
will also make the case that this fiscal cliff will have a negative impact on the overall economy and he will push these business leaders to support his approach. soledad? >> dan lothian, in washington, d.c., for us, thank you. >>> just a few minutes we'll be chatting with stephanie cutter, the woman who helped manage president obama's re-election campaign. we'll talk more about the fiscal cliff. >>> first a look at other stories that are making news today. zoraida has that for us. >> good morning to you. the death toll in the philippines is rising this morning. typhoon bopha moving toward beach resorts in the northern part of the country and right now it is packing winds over 90 miles an hour. that storm has already caused massive flooding and landslides in the southern philippines. dozens of buildings have been destroyed and the death toll stands at 133 with hundreds more still missing. >>> meantime in rain soaked seattle there are concerns about more mudslides. meteorologist karen maginnis joins us live from atlanta with the latest. they cannot get a break. >> they really can't, and f
's economy. >> senator tom coburn today as you know, very vocal on this issue. he's put years into it. reached out across the aisle. he said he would rather raise tax rates than eliminate loopholes and cap deductions, which is the opposite of what it sounds like you're saying or speaker boehner is saying. what do you think of his idea in would you take a look at it? >> i think coburn's basically coming from a standpoint as these taxes are programmed to go into effect. again, i can't make a prediction on where we're going to end up because i don't know. >> but do you think we're going to get a deal by the end of the year? and the whole world is watching this. some of them laughing at us, but also cause a real problem in our financial markets. >> if we allow those taxes to go up or if we allow the president's plan for them to go up on the people that we're betting upon to make a new jobs in this dismal economy, the world's going to be -- and nobody in america's going to be laughing. a whole world of hurt going around. >> the bottom line is you don't like the option, but you're willing t
. the country may be exploring ways to develop its economy quickly by maintaining close relations with both superpowers. jooup kobayashi, nhk world, yangon. >>> from one controversial mineral protect to another, and this time in malaysia, a plant for refining rare earth metals has begun operations one year behind schedule, but protests continue by local residents concerned about the impact on health and the environment. australian mining company lynas began refining rare earths on friday at the plant in malaysia's central state. the facility is the largest of its kind outside china. lynas plans to use it to produce about 22,000 tons a year of rare earths including neodymium. the sux is a key component of electric motor vehicles. china dominates the rare earth market, and companies looking to diversify their supplies are keeping a cleese eye on developments at the plant in malaysia, and japan hopes to secure one-third of its annual supply from the facility when it reaches full capacity. start-up was delayed for more than a year amid protests by local residents and environmental groups. they'
and our already weakened economy in further jeopardy. >> negotiations will continue on capitol hill next week. president obama has said he wants to get a deal done by christmas day. >>> there is no way to avoid the elephant in the room. the gop knows it. so what do they need to do to change? what issues do they need to focus on? we'll talk about that next with amy holmes and maria cardona. >>> but first, brain teaser for all you political junkies. when was the first presidential election republican party won without a nixon or bush on the ticket? give it some thought. we'll have the answer for you on the other side. ter's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15, seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ male announcer ] come try our new menu and sea food
. republicans have to lead it because immigration is about growing the economy. >> secretary gutierrez, we know that you started that new super pac, republicans for immigration reform. we'll see how these ideas are accepted as we move into 2014 and to 2016. thank you for speaking with us this morning. >> thank you very much, sir. much more on our focus ahead. what about the women. the gop misses the mark with candidates, and we'll check in with that in the 10:00 hour. >>> israel wants to build more settlements in disputed territory. >>> hello. >> plus, how this little robot is making big strides in helping children with learning disabilities. there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid co
on the chopping block that could have an impact on our economy. >> plus, new controversy in the middle east as israel celebrates construction plans and what it means for the stalled peace talks and security in the region. john walton weighs in. >> looking forward to talking to him. and new information recording the internet blackout, stay with us, folks, we'll be right back. rop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. gives you a low $18.50 monthly plan premium... and select generic hypertension drugs available for only a penny... so you can focus on what really matters. call humana at 1-800-808-4003. ♪ >> welcome back. got a developing story to talk to you about out of syria right now he where the country's internet service is reportedly back on following a two day nationwide blackout as syrian rebels make a strategic push for, control of an area leading to damascus international airport. and connor powell joins us live with more details
to consolidate his power by showing dedication. kim has also vowed to develop north korea's economy. >> translator: we must stop on a part of industrial revolution for the new century and make north korea a great economic power. >> there no tangible signs of improvement. the u.n. program said 16 million north koreans or nearly 70% of the population suffer from malnutrition. north korea's relations with the outside world are at a stand still. last february the united states agreed to provide food aid in exchange for being free of the ballistic missile tests. the deal was welcome after the north tested a missile. north korea's leadership has been trying to hold talks with the united states, but officials in washington said they are not ready to accept. china is also applying pressure on its neighbor. arguing that the missile launch could violate u.n. resolutions. nhk world. >> the professor is an expert on the korean peninsula. i spoke with him to get more insight into the korean missile launch. i started with asking him the intention of north korea. >> the mostortant thing for pong i
of the rings" films boosted the country's economy by $575 million u.s. dollars. they're hoping for that kind of impact again when you see thing s like gollum at the new zealand airport, welcoming visitors. if you fly new zealand instead of a typical safety video, here is what you'll see. >> on the broefing. make sure your belongings are hidden away under the seat before you or in the compartments ahead. >> all travelers must keep a watchful eye on the lighted signs and follow instructions. when the seat belt sign is on, sit yourself down and fasten your seat belt. >> be sure it's low across your hips. >> i would listen to that if they did it that way on american airlines. >> there is a video, carol, that people would actually pay attention to. look at this it's an air new zealand plane freshly painted with the characters from the hobbit that flew over the premiere much to the delight of the crowd. they've really taken ownership of this movie and gotten a little excited about it, like you, carol. >> like me. some people are critical of all the hype, right? >> it's become a bit of a political
will be on the economy. just to be clear -- >> it's about getting real about where we are and what's going on here. not deluding yourself about that. >> i agree. but we shouldn't get deluded about things like the impact it's going to have on december spending, too, karen. remember we're talking about 2013 taxes, not 2012 taxes. but if americans are taking out loans based on what their tax return is going to be in april maybe we should be talking about financial literacy and not about how budgeting works. >> we can but i'm just trying to tell you realistically that's how people are living their lives in the united states of america in the 21st century. so we need to be real about how people are living their lives. >> you know what, one thing i do want to talk about, i'll begin with you tony on this. i'm sure you saw that photo making the rounds this week of house committee chairmen? what is that all about. they're all white males. speaker boehner now said he was indeed appointing a female chair congresswoman, candice miller. this committee is in charge of things like the house cafeteria, expense ac
's economy goes over the so-called fiscal cliff. the white house and congressional republicans said to be deadlocked. president obama released his plan. it includes 1.6 trillion dollars in new tax increases. 50 billion in new stimulus spending. and stimulus, and new power to raise the debt ceiling without congressional approval. tim geithner, john boehner appearing with chris wallace on fox news sunday. >> we're nowhere, period. we're nowhere. we put a serious offer on the table by putting revenues up there to get this question resolved but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking the whole entire time. >> in kind of a tough position now. it is going to be, obviously a little hard for them now. they're trying to figure out where they go next. we might need to give them a little more time to let them go next. we did what you expect from us. we laid out a very detailed, carefully designed set of spending savings and tax changes that help put us back on a path to fiscal responsibility. bill: where are we
good compared to the faltering economy in europe, the slowdown in china. you know, this could actually be the biggest job generator of anything that's been talked about recently. >> one thing i'm confused by and maybe concerned by also, though, is something that you know well. that the outlines of a deal are pretty clear. there are different options, there are choices, there are tweaks around the edge, but the outlines of the deal are there. and two weeks ago, everyone was saying, erskine bowles, says they're going to get it done. we're hearing people like harry reid say really not so fast. should we be worried? i mean, if you guys know what the parameters are and can't get it done that you're not going to get to the finish line again? >> well, i sure hope not. it would be extraordinarily bad for every american family, bad for american business. and unlike the challenges we faced in 2008 when we had that downturn and the fed and others used, you know, basically unprecedented tools, we don't have a lot of bullets left in the proverbial gun at this point. >> i want to ask you a couple of
during this month. but now, investors are scared a plunge over the cliff could send the economy falling back into recession. those worries sent stocks falling. the s & p down two straight weeks after the election, even though it has made up four of the 5.3% loss, whenever there was a glimmer of a hope of a deal, headed up. and the fallout from the fiscal cliff could put even more pressure on unemployed americans, or those just trying to keep up with house payments. except more ups and downs for your investments ahead, but not so much because of big numbers out this week, among them, an important reading on manufacturing tomorrow, and then, what is often the biggest market mover of any month, the jobs report. november's release before the bell on friday. the cliff will likely overshadow even that. and with tax increases looming on capital gains and dividends, investors may start selling before the end of the year to get the better deal if there is no deal. that means, december may not live up to its history of heading higher and leave many questions about what the new year will mean for
increases, no spending restraint, and it's very bad in the next -- very bad for the economy and then because of that, very bad in the next election. >> okay. let's just move on to what happens if this plan goes to the floor. jonathan chait in new york magazines republicans are considering having their members vote present on an extension of the middle class tax cuts --. you've talked about not having fingerprints on the murder weapon. is voting present better than voting yes to your mind? >> it strikes me as an odd -- i have not heard anybody suggest this as a strategy other than democrats. it seems a way for the democrats to get what they want. there are a lot of people suggesting to the republicans that they give the democrats what they want, and i guess i would like to suggest the democrats should give the republicans what they want and then we can be even. but again, it's got to pass the laugh test not just for the next 24 hours after a deal is agreed to, but for two years. the bush agreement in 1990 didn't necessarily stink to high heaven in the first four days. it's when you are trying
like the economy really moving again too, and now can you see it reflected many some of the moves these big companies are making. what is happening is that they're being forced to streamline to keep things operating as tightly as possible. it will cut 99,000 jobs arnold the world, and this is a global layoff, and they're doing this in an effort to save about $1 billion. michael corbitt says these actions are logical next steps in citi's transformation. suzanne, to remind our viewers, the bank has struggled more than some of its rivals after the financial crisis. now, i also want to update you on what's happening with lockheed martin. lockheed marten is relocating hundreds of jobs from georgia to texas. employees who work on the company's f-22s will have the option to move from marietta to fort worth by the end of march. if they choose not to, they'll either be reassigned or laid off. you're going to hear similar situations at other companies too, and these moves are one of the more unfortunate aspects of an economy that's really having trouble rebounding, suzanne. >> explain to us
.m. for our economy. and lindsay lohan is behind the wheel. see, that says danger. people understand that they understand that. >> that is -- that tells the tale perhaps a little better. lindsay lohan, nobody wants her driving. all right. welcome back to "fox & friends" on this saturday morning. so the lottery. >> did you guys play? >> no, no. dave always plays. i forget and then i think i'm glad i didn't. >> i was so convinced i was going to win for some reason. >> what are the chances you are going to get struck lie lightning three times. david didn't win. cindy and mark hill ended up winning from the midwest. >> quick pick ticket that goes against the conventional wisdom you never won with a quick pick. >> last one was won with a quick pick. >> $293 million chopped out approximately in half. they wanted the lump sum. they went back to the high school where they met to accept this and do a little press conference to talk about what they do now. you have to feel happy for them. she was laid off in 2010 i think as an office manager. he had just recently found work as a mechanic. so t
, for small business and other parts of the economy. >> they agreed that tax cuts should be renewed for everybody making less than $250,000 a year. but democrats want the tax cuts for the very wealthy to expire. >>> and reigniting the trayvon martin debate, and whether the famous "stand your ground law" should be out lawed. and may havs where bacteria can multiply. polident is designed to clean dentures daily. its unique micro-clean formula kills 99.9% of odor causing bacteria and helps dissolve stains, cleaning in a better way than brushing with toothpaste. that's why i recommend using polident. [ male announcer ] polident. cleaner, fresher, brighter every day. a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walg
upper income americans that doesn't hurt our economy, then would wouldn't he consider it? >> reporter: that's are publicly unchanged position was a deadline that's set. whether political theater or political reality, there's more mention going over the fiscal cliff could go beyond hypothetical. >> there's clearly a chance. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then, you know, that's the choice they're going to have to make. >> emily joins us live from washington. emily, the zinger sound bites, they're all piling up. what is the actual strategy behind all this political theater? what are you hearing from the republicans and from the democrats? >> reporter: you know, less than a month out now from going over the fiscal cliff. even talk about political strategy sounds an awful lot like posturing. we heard it from secretary geithner who said republicans seem to be in a hard place on this, n
. >> not at the moment. >> can you get him for 10? >> 15. i think in this economy, 15 for 2 days' work, is pretty good to mickey. >> the whole movie is set on the backdrop of the economic breakdown. it's not subtle, the parallels that the film makes between the mob world and the world at large. >> that wasn't accidental. he poses it against the financial crisis, the bank bailout and the '08 election. and it makes for a provocative material. >> so, you have a birthday coming up. >> yeah. in a month. >> and next year's the big one, when you turn -- >> 50. >> 50. have you given any thought to that? >> yeah. i've given a lot of thought to it. >> i just turned 50. so -- >> you become very aware of time. and i think becoming a father, you become -- everything is time allocation for me, too. making sure i spend the time wisely on the things that are important to me. and spending the time with the family. >> best part about it? >> mornings, just getting up. >> if you call one place home, is it new orleans? >> we call them base camps, basically. >> really? >> yeah. >> how many do you have? >> we have a base ca
the fiscal cliff and get the economy back on track. but he says it's going to take some sacrifice. here's a look at the president shaking hands with business leaders about 15 minutes ago and he's calli for tax increases on the wealthiest americans and an extension of tax rates for the middle school. talks have fallen apart in recent days. but the president insists he's working with republicans to try to get a deal. republicans are willing to cut -- >> reporter: republicans are willing to cut loopholes. here's what john boehner said. >> the revenues being put on the table are gonna come from guess who? the rich. >> reporter: republicans say it's clear to them that president obama is not serious about negotiating. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 8:17. we asked some people in the bay area whether they think the president and congress will reach an agreement on the fiscal cliff by the end of the year. >> they both have this position that they are not willing to back down from. i don't think they will reach it. >> i'm hoping and praying that they
helping the palestinian people who have many challenges to get a good economy and a rule of law nation established on the west bank. but i cannot along with my colleagues in good conscience send $1 billion to an organization who is trying to use the political will of the united nations and the international criminal court to undermine the last, best chance for peace. being a military person myself, i will not sit on the sidelines and use american dollars in a situation where the palestinians can make every idf member a war criminal simply by defending the sovereignty of the state of israel. in the last conflict, there were over 1000 rockets fired into israel. to the american people, what would we do with one rocket hit american soil? not only has the israeli military been measured, you have to romer -- remember they left gaza. hamas is a terrorist organization and now last best partner in the peace process has but the american people and congress in an untenable situation by going around the process, petitioning the united nations to set up the international criminal court to marginali
the stakes are rather enormous. the risk of sending the economy back into recession, the risk of having the financial markets decide yet again no reason to have any faith or trust in washington. the risk of global contagion if the united states goes off this cliff. so as dana noted, most everyone thinks in the end they'll get this done. this is the time to sort of plant your flags. as you just noted, appease your base. but there's a risk because we're in such uncertain times after the election. the republicans are looking at a presidential defeat, but they still have the majority in the house, leader for senate up for re-election. as mitch mcconnell told "the wall street journal" today h, he wants to see the president put specifics on the table. he wants to see the president make those democrats mad and say i will raise the medicare eligibility age, i will means test medicare for more affluent americans. democrats are okay with that some of them anyway. he wants to show specific entitlement cut cards and then get revenues from the republicans, but both leader mcconnell and speaker boehn
to the financial pressures caused by a whole bunch of things, ranging from the internet to a tough economy. now, this is kind of a blip compared to what some newspapers, including my former paper "the washington post" have gone through, cutting hundreds and thousands of employees through buy-outs and layoffs, other methods of trimming the payroll. 30 voluntary buy-outs is nott that much. given the time to keeping that news rm big, it shows that even if you are in new york and you are a big national newspaper, you cannot be immune to the tough times facing the print business right now. >> hey, howie, thank you. love your show. >> thank you so much. talk to you again. >> howie kurtz joining us live on a number of topics. >>> also, secretary of state hillary clinton has a message, and it's for syria. use chemical weapons against your own people, and the united states will take action. what does that mean? we'll talk about it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues w
growth last quarter was lower than expected. the economy grew 5.3% in the july to september period compared to a year earlier. the rate of growth fell two percentage points from the previous three months. it has now remained at the 5% level for three straight quarters. the global economic slowdown is partially to blame. so is the reserve bank of india's measures. the central bank has kept its interest rate high at 8%. that's discouraging to take out loans to buy products such as cars. >>> scientists at the u.s. space agency nasa say a probe orbiting mercury found evidence of water and ice on the planet. 3 the new information comes from the messenger probe. it's been orbiting the planet closest to the sun since 2011. they showed hydrogen in partially shadowed craters. they say it is consistent with that found in water. the total amount of ice on mercury is estimated at 100 billion tons. scientists say it may have been brought by comets or asteroids that crashed on the planet. the existence of life, however, is considered unlikely because of the planet's thin atmosphere. the prospect
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